B2B company Mintifi raises $40 mn in Series C funding to expand business

Mintifi works with over 100 leading brands that include Tata Motors, Bridgestone Tyres and Berger Paints for helping their supply chain

B2B BNPL platform Mintifi said on Tuesday it has raised $40 million in its Series C round of funding led by Norwest Venture Partners and Elevation Capital. The company will use the fresh funds to continue to build on its tech infrastructure and expand its product offerings.

Mintifi has grown four fold year-on-year with annualised purchases financed touching $300 million, which is expected to cross $1 billion by 2023.

“Mintifi adopts a full stack approach to address the transaction, financing and payments needs of the B2B ecosystem through its unique B2B BNPL solution and technology platform. Mintifi’s offering has witnessed strong adoption